OUTLOOK, TEAMS HIT

Microsoft outage disrupts businesses, governments worldwide

Fri, 13 Nov 2026

Outlook, Teams and other Microsoft 365 services remain affected as the technology giant struggles to restore systems after a disruption spanning 74 countries and territories

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ISRAEL BLAMED FOR WAR

Iran says four oil tankers hit by explosions in Strait of Hormuz

Fri, 13 Nov 2026

Four oil tankers were hit by explosions in the Strait of Hormuz on Thursday after allegedly entering areas designated as restricted by Iran, the country's military said, highlighting continuing security risks in the strategic waterway despite signs of a possible easing of the conflict with the United States.

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CFO MADE INTERIM CEO

NVIDIA CEO Jensen Huang resigns after scandal

Fri, 13 Nov 2026

NVIDIA Board of Directors has announced that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.

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$250m SAUDI FUNDING

Bahrain awards contracts for fourth phase of its landmark Busaiteen Bridge Project

Thu, 12 Nov 2026

Bahrain has signed contracts for the fourth phase of its landmark Busaiteen Bridge Project, which is being funded by Saudi Arabia through a grant of over SAR937 million ($250 million) covering all phases of the development. The project will link Muharraq with the capital Manama, through a 8-km-long northern corridor.

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ANALYSIS

GCC capital markets enter new phase as funding sources diversify: Fitch

Wed, 30 Sep 2026

GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.

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Top This Week

Palma kicks off Phase II work on $1.8bn Jumeirah Islands community

Wed, 11 Nov 2026

Palma Development, one of the UAE’s pioneering real estate developers, has announced the launch of the second phase within its Serenia District community, thus marking a major milestone in its AED5 billion ($1.8 billion) master-planned project, located in Jumeirah Islands.

SPL, Jingdong join forces to boost Saudi industrial supply chains

Wed, 11 Nov 2026

Saudi Postal and Logistics (SPL) said it has signed a strategic collaboration framework with Jingdong Industrials, an industrial supply chain technology provider, to jointly develop a B2B digital procurement platform aimed at strengthening industrial supply chains across the kingdom.

Lerch Bates named multidisciplinary engineers for MOON Smart City projects

Wed, 11 Nov 2026

Moon World Resorts has appointed Lerch Bates as vertical and horizontal transportation + multidisciplinary engineers across all MOON Smart City masterplans. In this role, it will shape how guests arrive, ascend, descend, circulate and depart, and how multiple buildings within the built environment perform.

Cheval Collection in deal to set up 193-unit luxury hotel apartments in Dubai South

Wed, 11 Nov 2026

Cheval Collection, a UK-based luxury hospitality company, has signed an agreement with Dubai South, the largest single-urban master development focused on aviation and logistics, to launch its premium project - Cheval South Bay - featuring 193 luxury serviced hotel apartments and branded residences.

Zain Group 9-month net profit up 59pc; revenue soars to record $5.78bn

Wed, 11 Nov 2026

Kuwait-based telecom operator Zain Group has recorded solid results for the first nine months of the year with a 59% jump in its net profit which soared to KD304 million ($990 million), while its consolidated revenue surged by 4% to hit a 17-year high of KD1.8 billion ($5.78 billion).

ADNOC vessel damaged in attack off UAE coast

Tue, 10 Nov 2026

Abu Dhabi National Oil Company Logistics & Services (ADNOC L&S) has confimed that one of its vessels was damaged in an attack in the UAE's territorial waters in the Arabian Gulf. Response efforts by the relevant teams were under way, it added.

Alba's nine-month net profit surges 44.3pc to $422m

Tue, 10 Nov 2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter at a single site, reported a 44.3% year-on-year increase in nine-month net profit to hit BD158.7 million ($422 million), despite regional geopolitical disruptions that continued to affect aluminium supply chains and production.

Damac plans $816m mixed-use project along Al Zorah creek

Tue, 10 Nov 2026

Leading UAE developer Damac Properties has entered into a land acquisition agreement with Al Zorah Development Company to build a mixed-use waterfront residential project along the creek within Al Zorah district in Ajman at an investment of AED3 billion ($816 million).

Dubai approves $3.2bn community, Metro extension projects

Tue, 10 Nov 2026

Dubai has approved a total budget of more than AED11 billion ($3.15 billion) for development of its strategic projects through 2040 - including AED9.59 billion ($2.61 billion) for future-ready infrastructure and AED2 billion ($544 million) for extension of the Dubai Metro to Al Maktoum International Airport City.

Abu Dhabi Chamber showcases business growth

Wed, 11 Nov 2026

The Abu Dhabi Chamber of Commerce and Industry (ADCCI), represented by its Al Dhafra branch, has highlighted a rang...

UAE ministry, Amazon collaborate to support price transparency

Wed, 11 Nov 2026

Amazon UAE has become the first e-commerce retailer integrated onto the Ministry's Essential Goods Prices Platform...

Bahrain awards contracts for fourth phase of its landmark Busaiteen Bridge Project

Thu, 12 Nov 2026

Bahrain has signed contracts for the fourth phase of its landmark Busaiteen Bridge Project, which is being funded b...

Dubai South breaks ground on Ford’s technical centre

Thu, 12 Nov 2026

Dubai South, the largest single-urban master development focused on aviation and logistics, has broken ground on Fo...

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